Pros and cons of PLCs
Incorporating as a PLC has benefits for both the company and for current or potential investors. By issuing shares and selling them to the public, a business can raise money to finance expansion. A stock exchange listing tends to attract funding because it makes a company more accessible for investors, including retail investors and professionals.
Investors in a company benefit from increased liquidity if it goes public. It's not easy to sell holdings in private companies since it requires finding a buyer and agreeing on a price. With shares in a PLC, investors can buy and sell shares through a stock broker.
The primary downside of structuring a business as a PLC is the regulatory requirements. Management will face much more scrutiny than it did while running a private company. It's also expensive to set up a PLC, and the company's valuation could be more volatile since it's listed on the stock market.